Organization and Information: Firms' Governance Choices in Rational-expectations Equilibrium
We analyze a rational-expectations model of price formation in an intermediate-good market under uncertainty. There is a continuum of firms, each consisting of a party who can reduce production cost and a party who can discover information about demand. Both parties can make specific investments at...
| Main Authors: | , , |
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| Other Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
Oxford University Press,
2012-11-28T18:42:50Z.
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| Subjects: | |
| Online Access: | Get fulltext |